…Warns Speculators Against Selling Land Under Govt Acquisition
The Lagos State Government on Tuesday said it has began payment of over N11.8billion as compensation to owners of properties that had to give way for construction of roads, flyovers, ramps and other critical infrastructural projects...

Mortgage and commercial banks’ lending to the real estate sector has continued a steady growth in the last three years despite the downturn in the economy, a sectorial breakdown of banks’ credit to the private sector has shown.
Banking credit to private sector data sourced...

After suffering through an economic contraction that restrained demand for housing loans in Africa’s most-populous country, Nigeria’s state-backed mortgage guarantor is anticipating that a return to growth will help double its nascent asset base.
Set up four years ago to mimic the U.S.’s Fannie Mae,...

The Minister of Works, Power and Housing, Babatunde Fashola has confirmed the construction of affordable houses by the federal government across the country under its National Housing Programme.
Fashola who stated this while inspecting 80 of the houses being constructed in Kaduna said the...

As the 2017 World Habitat Day is being observed across the world, Lagos State Governor, Mr. Akinwunmi Ambode on Monday has reiterated the commitment of his administration towards improvement of access of residents to affordable housing across the state.
Speaking at the celebration...

Tunde Alao - Lagos
Concerned about the sufferings encountered by tenants in the country, especially in urban centres like Abuja, Lagos, Kano, Port-Harcourt, among others over accommodation rents, stakeholders are contemplating a legislation that would peg rent to a maximum of one month, instead of...

Oil magnate moves his firm, Salvic Petroleum to seaside city
• Ramps up Shoreline’s production to 60,000bpd
By Alike Ejiofor
The first building to be completed in Nigeria’s cutting-edge city of the future, Eko Atlantic, has been acquired by oil magnate and...

Nigeria has faced strong headwinds in the past two years however, the currency uncertainty and falling oil price and production that have weighed heavily on consumer confidence are giving way
Lagos Nigeria, September 12, 2017/ -- The Nigerian real estate sector is turning the corner...

The Federal Government of Nigeria has concluded plans to embark on the massive construction of energy efficient housing across the country as part of the efforts to motivate the ordinary Nigerian worker.
The energy efficient houses are such that would use less power consumption or...

Nigerians may start paying property rent on a monthly basis going by the latest resolution between the federal and state governments on the matter, OKECHUKWU NNODIM reports
The clamour for the monthly payment of rent by clients in the housing sector received attention at the...